In a week marked by remarkable turbulence in the cryptocurrency market, a select group of digital assets has risen to prominence, defying expectations with astonishing gains. These standout performers have left both seasoned investors and analysts in awe, prompting a closer examination of the forces driving their meteoric ascent.
A prominent crypto analytic platform, CryptoRank, shared a Twitter thread, detailing Top 10 gainers of the week:
At the forefront is Ark (ARK) which has seen a 76.98% price increase, in the past 7 days. Ark is a platform that aims to promote interaction and expansion among various cryptocurrencies. This surge could be credited to Ark’s dedication to pushing the limits of advancements. Ark is currently trading at $0.489303 with a 24-hour trading volume of $10,023,885.30. With 180 Million ARK in circulation, ARK has a market cap of $84,937,604.
Following closely is High Fidelity Coin (HIFI), boasting an impressive 77% gain. This digital currency is intricately linked to the High Fidelity virtual reality platform, reflecting the growing fascination with immersive digital experiences. Hifi is currently priced at $0.8662 with a market capitalization of $82.1 million. It also boasts a substantial 24-hour trading volume of $514.7 million.
Frontier (FRONT), a DeFi aggregator, has staked its claim with a remarkable 70.3% gain. Its core mission, simplifying DeFi participation, has resonated with investors seeking user-friendly options in the complex world of decentralized finance. Frontier (FRONT) is currently trading at a price of $0.2033 with a market capitalization of $18.3 million. The 24-hour trading volume for Frontier is $69.7 million.
VeThor Token (VTHO) has registered a solid 40.6% gain. Serving as the energy token of the VeChain blockchain, VTHO’s rise underscores the increasing attention on VeChain’s supply chain and enterprise solutions.
VeThor Token (VTHO) is currently trading at a price of $0.00121168 with a 24-hour trading volume of $11,360,851.14. Over the past 24 hours, it has seen a significant price increase of +40.6%, and in the last 7 days, it has risen by 36.15%. With a circulating supply of 67 billion VTHO coins, VeThor Token has a market capitalization of $82,115,392.
PowerPool (CVP), a decentralized autonomous organization (DAO), has garnered a noteworthy 36.9% gain. DAOs are at the forefront of reshaping governance structures, and CVP’s performance provides further evidence of this transformative trend.
PowerPool Concentrated Voting Power (CVP) currently has a price of $0.392 with a market capitalization of $11.3 million. Over the past 24 hours, it has experienced an impressive price increase of 33.47%, and in the last 7 days, it has seen a significant rise of 38.79%. With 32 million CVP tokens in circulation, PowerPool Concentrated Voting Power has a market cap of $12,087,826.
Tellor (TRB), a decentralized oracle network, has secured a 33% gain. Its pivotal role in supplying real-world data to smart contracts highlights the vital importance of reliable oracles in the blockchain ecosystem.
Tellor Tributes (TRB) is currently priced at $26.58 with a market capitalization of $45.1 million. Over the past 24 hours, it has experienced a significant drop of 32.17% in price, but it has seen a notable increase of 8.61% over the past 7 days. The 24-hour trading volume for Tellor Tributes is $135.8 million. In total, Tellor Tributes has a market worth of $66,695,087, and there are 2.5 million TRB tokens in circulation.
TON Crystal (TON), affiliated with the Telegram Open Network (TON), has made an impressive comeback with a 32.8% gain. This resurgence may be linked to renewed interest in the TON project, emphasizing the significance of messaging apps within the crypto sphere.
Toncoin (TON) is currently priced at $2.36 with a market capitalization of $8.1 billion. In the last 24 hours, it experienced a price drop of -2.99%, but it has seen a significant rise of 38.70% over the past 7 days. The 24-hour trading volume for Toncoin is $39.1 million. It has a total market worth of $8,116,309,750, and there are 3.4 billion TON coins in circulation.
Storj (STORJ), a decentralized cloud storage platform, has gained 23.7% traction. The ever-growing demand for secure and private cloud storage solutions is propelling STORJ’s upward trajectory.
Storj, is currently valued at $0.3447 in the market. Over the past week, it has seen a notable price surge of 18.66%, but in the last 24 hours, it has experienced a decline of -12.11%. In terms of market capitalization, Storj stands at $51,327,037, and it boasts a total supply of 140,000,000 STORJ tokens. The 24-hour trading volume for Storj is reported at $74.8.
MXC (MXC), an IoT-focused cryptocurrency, has surged by 23.5%. The enduring potential of the Internet of Things continues to capture the imagination, with MXC’s performance mirroring the promise of this transformative technology.
MXC is currently priced at $0.009676 with a 24-hour trading volume of $4.4 million. It boasts a market capitalization of $25.5 million. Over the past 24 hours, it has gained 5.02% in price, and over the last 7 days, it has seen an increase of 9.09%. MXC’s total market worth is $23,657,993, and it has a circulating supply of 2.4 billion MXC tokens.
Unibot (UNIBOT) has made a notable entrance, boasting a 22.6% gain. Offering a glimpse into the world of trading bots, Unibot underscores the rising popularity of automated trading strategies in the crypto landscape.
Unibot has a market cap of $76 M, based on a price of $76.09 and a 24-hour trading volume of $6.7 million. The price has decreased by -8.91% over the past 24-hour while it increased by 4.86% over the past 7 days. Unibot has a total supply of 1,000,000 with a current market valuation of $75,760,191.
These exceptional performers embody the diverse spectrum of projects within the cryptocurrency space, showcasing the innovation and dynamism that drive this industry forward. While these gains are undeniably impressive, it is crucial for investors to exercise due diligence and tread cautiously in this inherently volatile market.
